Rochester, Minn.-based Mayo Clinic has invested $50 million into a 741-bed hospital in the United Arab Emirates, according to the system's recent financial report.
Transactions & Valuation Issues
The COVID-19 pandemic slowed hospital merger and acquisition activity in the second quarter of this year, but dozens of deals closed in the first seven months of 2020.
Jim Momtazee, a 21-year veteran of investment firm KKR, has launched his own company to pursue private equity deals in the healthcare sector.
Jefferson Parish residents voted to approve the sale of East Jefferson General, a financially distressed facility in Metairie, La., to New Orleans-based LCMC Health, according to NOLA.com.
For-profit provider AHMC Healthcare has finalized the purchase of two California hospitals from Verity Health System, a bankrupt system based in El Segundo, Calif, according to Mercury News.
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The board of trustees of Southfield, Mich.-based Beaumont Health agreed last week to postpone voting on a planned merger with Advocate Aurora Health until physician grievances are addressed.
Ontario, Calif.-based Prime Healthcare announced Aug. 14 that it has completed the acquisition of St. Francis Medical Center, a 384-bed hospital in Lynwood, Calif.
The Natrona (Wyo.) County Commissioners voted to approve the sale of Wyoming Medical Center in Casper to Phoenix-based Banner Health in a deal worth more than $200 million.
Despite objections for California attorney general and a last-minute attempt from an opposing bidder to block the sale, El Segundo, Calif.-based Verity Health System won bankruptcy court approval to sell a 384-bed hospital in Lynwood, Calif., to Prime Healthcare Services,…
St. Luke's Hospital in Maumee, Ohio, will become the 15th hospital in McLaren Health Care's system on Oct. 1.